Crypto
Investors Flock to Circle in South Korea Amid Stablecoin Regulation Changes
South Korean retail investors are shifting focus towards Circle Internet Group, making it the top foreign stock amidst regulatory changes for stablecoins.
Altcoins
Weekly Review of African Crypto Developments: South Africa Sees Payment Growth, Kenya Abolishes Crypto Tax
A summary of recent crypto news in Africa, highlighting South Africa's increase in crypto payments and Kenya's removal of a digital asset tax.
Finance
Rain and Toku Launch a Global Payroll System with Stablecoin Payments
Rain collaborates with Toku to introduce a stablecoin payroll system aimed at facilitating instant payments for global employees.
Crypto
SoFi Plans to Roll Out Blockchain Remittances with Stablecoins as it Reenters the Crypto Space
SoFi announces the upcoming launch of international remittances using blockchain networks and stablecoins while also reviving its cryptocurrency investment services.
Altcoins
A7A5 Stablecoin Linked to Garantex Surpasses $9.3 Billion in Volume on Grinex
The Ruble-backed A7A5 stablecoin has experienced significant trading volume on the Grinex platform, highlighting its controversial position in the digital currency market.
Altcoins
South Korean Banks Collaborate on New Won-Backed Stablecoin Initiative
A coalition of eight South Korean banks has formed a consortium to develop a won-backed stablecoin, marking a significant step towards digital currency integration in the region.
Crypto
Leading Banks in South Korea Collaborate to Create Won-Backed Stablecoin
A consortium of South Korea's major commercial banks is working on a stablecoin linked to the Korean won, aiming to counter the dominance of foreign stablecoins.
Finance
Circle Stock Plummets 15% as BIS Raises Concerns on Stablecoins
Circle's stock saw a 15% decline following a report from the Bank for International Settlements questioning the stability of stablecoins in financial systems.
Finance
Mastercard Enhances Stablecoin Capabilities With New Integrations
Mastercard expands its network to incorporate various stablecoins, including PayPal’s PYUSD and the Global Dollar (USDG), facilitating seamless transactions.
Finance
Circle Achieves Record Market Capitalization Approaching Coinbase
Circle's remarkable surge showcases the intensifying demand for stablecoins, with the company's valuation nearing that of crypto giant Coinbase.
Finance
Trump Urges Quick Passage of Stablecoin Bill Amidst Key Lawmaker's Cautions
The chair of the House Financial Services Committee suggests ongoing negotiations for the stablecoin legislation despite Trump's insistence on rapid approval.
Crypto
Hong Kong's Financial Secretary Announces Start of Stablecoin Licensing
Hong Kong's stablecoin ordinance is set to be enacted on August 1, 2025, establishing a regulatory framework for stablecoins.
Crypto
Peter Schiff Advocates for Gold-Backed Stablecoins, Questions Dollar-Pegged Alternatives
Prominent crypto critic Peter Schiff critiques U.S. dollar-pegged stablecoins and shares plans to develop a gold-backed token.
Business
Visa Enhances Stablecoin Operations in Europe, the Middle East, and Africa
Visa has expanded its stablecoin services throughout the CEMEA region and partnered with the African crypto exchange Yellow Card.
Finance
Circle's Stock Soars After Senate Passes Stablecoin Legislation, Fueling Investor Confidence
A significant rally in Circle's shares follows the U.S. Senate's approval of a bill aimed at integrating regulated stablecoins into the financial system, reflecting the company's strong potential in upcoming digital payment frameworks.
Crypto
Coinbase Introduces Fast USDC Payment Solutions in Collaboration with Shopify
Coinbase Payments is now available, facilitating swift global transactions for merchants without requiring blockchain expertise.
Crypto
First Fully Tokenized Oil and Gas Acquisition in Latin America Completed
A $75 million deal for an operational oil and gas facility was finalized through tokenized methods, highlighting a shift in capital markets.
Crypto
CoinDesk Indices and Sentora Launch Benchmark for Stablecoin Overnight Rates
New benchmarks are set to align stablecoin borrowing data with traditional money market tools, facilitating enhanced financial strategies.
Crypto
JP Morgan's Crypto Innovation: Is a Stablecoin Next?
JP Morgan's Kinexys Digital Payments achieves a groundbreaking asset settlement utilizing blockchain technology, signaling a new era for traditional finance.
Crypto
Cardano's ADA Faces a 6% Decline Amid Controversy Over $100 Million Liquidity Proposal
Cardano's ADA token experienced a significant drop as discussions heat up regarding the deployment of treasury funds to enhance stablecoin liquidity.
